Insiders Worth Watching: Reasons for Richard Helton’s Share Buy of International Speedway Corp (NASDAQ:ISCA)’s Stock

November 28, 2016 - By Vivian Park

Insiders Worth Watching: Reasons for Richard Helton's Share Buy of International Speedway Corp (NASDAQ:ISCA)'s Stock

Richard Helton Insider Buy

Richard Helton, the well informed man, who’s the current major shareholder of International Speedway Corp acquired around 45 shares of the firm worth about $1,684 USD based on a market stock price of 37.4 USD per share. In the last month, he also acquired 53 shares valued at $1,948 USD. Mr. Richard at present holds 203,016 shares, accounting for 10%+ of International Speedway Corp’s total market cap. The purchase was disclosed in a report which was filed with the (SEC) on November 28, 2016, which is available for online access here.

Insitutional Activity: The institutional sentiment is 1.1 in 2016 Q2. Its the same as in 2016Q1. The ratio has no change, as 11 funds sold all International Speedway Corp shares owned while 49 reduced positions. only 15 funds bought stakes while 51 increased positions. They now own 23.44 million shares or 2.91% less from 24.14 million shares in 2016Q1.

State Street has 832,582 shares for 0% of their US portfolio. Louisiana State Employees Retirement holds 0.01% or 7,100 shares in its portfolio. Moreover, Massachusetts Financial Serv Ma has 0% invested in International Speedway Corp (NASDAQ:ISCA) for 124,231 shares. Us Fincl Bank De last reported 0% of its portfolio in the stock. Piermont Cap last reported 49,634 shares in the company. Nationwide Fund Advsr accumulated 0.01% or 68,801 shares. Mercer Capital Advisers has 40 shares for 0% of their US portfolio. Massmutual Co Fsb Adv reported 10 shares or 0% of all its holdings. Creative Planning has 150 shares for 0% of their US portfolio. Deutsche Natl Bank Ag holds 16,299 shares or 0% of its portfolio. State Treasurer State Of Michigan accumulated 10,650 shares or 0% of the stock. New York State Teachers Retirement last reported 0% of its portfolio in the stock. Ladenburg Thalmann Serv has 0% invested in the company for 1,142 shares. Moreover, Royal Bancorporation Of Canada has 0% invested in International Speedway Corp (NASDAQ:ISCA) for 1,522 shares. Ser Automobile Association accumulated 29,440 shares or 0% of the stock.

Insider Transactions: Since July 1, 2016, the stock had 78 insider buys, and 1 insider sale for $765,610 net activity. QUATERNARY INVESTMENT bought $1,948 worth of stock. Another trade for 45 shares valued at $1,684 was made by Bates Amelia Lee on Wednesday, November 23. 53 International Speedway Corp (NASDAQ:ISCA) shares with value of $1,948 were bought by SIERRA CENTRAL CORP. FRANCE JAMES C had bought 45 shares worth $1,684. PRINCIPAL INVESTMENT CO had bought 53 shares worth $1,948. CARL INVESTMENT LIMITED PARTNERSHIP had bought 53 shares worth $1,948 on Monday, November 14. BBL L P had bought 53 shares worth $1,948.

About 39,622 shares traded hands. International Speedway Corp (NASDAQ:ISCA) has risen 11.55% since April 25, 2016 and is uptrending. It has outperformed by 5.54% the S&P500.

International Speedway Corporation is an owner of motorsports entertainment facilities and promoter of motorsports themed entertainment activities. The company has a market cap of $1.71 billion. The Company’s business is a motorsports themed amusement enterprise, furnishing amusement in the form of motorsports themed entertainment. It has a 22.89 P/E ratio. The Company’s motorsports themed event activities consists of racing events at its motorsports entertainment facilities, which include providing catering, and food and beverage concessions at its motorsports entertainment facilities that host National Association for Stock Car Auto Racing Sprint Cup Series events.

According to Zacks Investment Research, “International Speedway Corporation’s operations consist principally of racing events at its motorsports facilities, which generate revenue primarily through sales of admissions to racing events, television broadcast rights fees, sponsorship fees, hospitality rentals, royalties from licenses of trademarks and provides catering, souvenir and food concession services at certain facilities.”

Analysts await International Speedway Corp (NASDAQ:ISCA) to report earnings on January, 24. They expect $0.78 earnings per share, up 5.41% or $0.04 from last year’s $0.74 per share. ISCA’s profit will be $35.57M for 12.02 P/E if the $0.78 EPS becomes a reality. After $0.03 actual earnings per share reported by International Speedway Corp for the previous quarter, Wall Street now forecasts 2,500.00% EPS growth.

More important recent International Speedway Corp (NASDAQ:ISCA) news were published by: Reuters.com which released: “BRIEF-International Speedway Corp announces amendment to share repurchase ..” on November 10, 2016, also Forbes.com published article titled: “Lesa France Kennedy, International Speedway Corporation Debut $400 Million ..”, Globenewswire.com published: “International Speedway Corporation Third Quarter 2016 Financial Results ..” on October 05, 2016. More interesting news about International Speedway Corp (NASDAQ:ISCA) was released by: Bizjournals.com and their article: “International Speedway Corp. sees drop in 2Q revenue” with publication date: July 02, 2015.

ISCA Company Profile

International Speedway Corporation, incorporated on May 7, 1953, is an owner of motorsports entertainment facilities and promoter of motorsports themed entertainment activities. The Company’s business is a motorsports themed amusement enterprise, furnishing amusement in the form of motorsports themed entertainment. The Company’s motorsports themed event activities consist of racing events at its motorsports entertainment facilities, which include providing catering, and food and beverage concessions at its motorsports entertainment facilities that host National Association for Stock Car Auto Racing (NASCAR) Sprint Cup Series events except for catering, and food and beverage concessions at Chicagoland and Route 66. The Firm has approximately 763,500 grandstand seats and over 550 suites.

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